Corporation tax to rise to 25% in 2023
The Chancellor announced that taxes would have to rise, but not quite yet, as all tax rates except for VAT are frozen for 2021-22.
Spring Budget 2021 – VAT
Find out more about the changes to VAT announced in the latest Budget.
Further VAT deferral
At the start of the COVID-19 outbreak, many business owners decided to defer their VAT liabilities which would ordinarily have been due for payment between 20 March and 30 June 2020. Originally the deferred VAT liabilities were due to be paid by 31 March 2021....
Are you prepared for the new domestic VAT reverse charge for construction services?
What is the VAT reverse charge for building and construction services? The VAT reverse charge shifts the obligation to account to HMRC for output tax on a supply from the supplier to the customer. From 1 March 2021 the charge must be applied to standard and...
Whitley Stimpson host webinar on new VAT rules affecting the construction industry
Earlier this week we hosted a webinar about the introduction of VAT reverse charges that are set to impact the construction services industry from 1 March 2021.
Whitley Stimpson cautions caterers of VAT consequences on changes to business model
The current coronavirus crisis has led those that were previously eat-in establishments to change their business model by turning to the provision of delivery-only and/or takeaway services. This could have significant VAT consequences which need to be considered.